IFP Advisors Inc Sells 663 Shares of Cincinnati Financial Corporation $CINF

IFP Advisors Inc decreased its position in Cincinnati Financial Corporation (NASDAQ:CINF) by 17.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,155 shares of the insurance provider’s stock after selling 663 shares during the period. IFP Advisors Inc’s holdings in Cincinnati Financial were worth $473,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Securities LLC bought a new stake in Cincinnati Financial in the 1st quarter valued at approximately $337,000. FJ Capital Management LLC lifted its stake in Cincinnati Financial by 97.5% in the 1st quarter. FJ Capital Management LLC now owns 29,293 shares of the insurance provider’s stock valued at $4,327,000 after acquiring an additional 14,464 shares in the last quarter. M&T Bank Corp raised its stake in shares of Cincinnati Financial by 12.7% during the 1st quarter. M&T Bank Corp now owns 7,857 shares of the insurance provider’s stock worth $1,161,000 after purchasing an additional 887 shares in the last quarter. CWA Asset Management Group LLC raised its stake in shares of Cincinnati Financial by 4.1% during the 1st quarter. CWA Asset Management Group LLC now owns 2,385 shares of the insurance provider’s stock worth $352,000 after purchasing an additional 94 shares in the last quarter. Finally, OLD Republic International Corp raised its stake in shares of Cincinnati Financial by 1.0% during the 1st quarter. OLD Republic International Corp now owns 399,100 shares of the insurance provider’s stock worth $58,955,000 after purchasing an additional 4,000 shares in the last quarter. Institutional investors own 65.24% of the company’s stock.

Cincinnati Financial Trading Up 0.6%

Shares of NASDAQ:CINF opened at $158.75 on Wednesday. Cincinnati Financial Corporation has a 12-month low of $123.01 and a 12-month high of $166.90. The stock has a market cap of $24.83 billion, a PE ratio of 13.77, a P/E/G ratio of 7.57 and a beta of 0.72. The business has a 50 day moving average of $155.44 and a 200-day moving average of $148.22. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.06.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Monday, July 28th. The insurance provider reported $1.97 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.58. The firm had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Cincinnati Financial had a return on equity of 7.14% and a net margin of 15.59%.The company’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 EPS. As a group, equities research analysts forecast that Cincinnati Financial Corporation will post 5.36 earnings per share for the current year.

Cincinnati Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.87 per share. The ex-dividend date is Monday, September 22nd. This represents a $3.48 annualized dividend and a yield of 2.2%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 30.18%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CINF. Weiss Ratings reiterated a “buy (b)” rating on shares of Cincinnati Financial in a research note on Wednesday, October 8th. Roth Capital upped their price objective on Cincinnati Financial from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Keefe, Bruyette & Woods upped their price objective on Cincinnati Financial from $167.00 to $168.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $157.25.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.